Forex news -forex broker review => Forex => Topic started by: forex4you on Nov 24, 2023, 08:15 am
Title: RBC Capital Markets predicts a record high for the S&P 500 in 2024, bull case circa 5300
Post by: forex4you on Nov 24, 2023, 08:15 am
RBC Capital Markets predicts a record high for the S&P 500 in 2024, bull case circa 5300
RBC Capital Markets forecasts a record high for the S&P 500 in 2024, citing:
sentiment is constructive for now
valuations can stay higher than many investors realise
declining inflation should act as a tailwind for price to earnings multiples
labour market resilience indicates economy should avoid recession
targets 5,000 level (and with a bull case of 5300) which is the median of five different models used by the analysts at RBC, taking into account sentiment, valuations, earnings, the economy, politics, and the cross-asset dynamic between stocks and fixed interest
Caveats noted:
the US presidential election will be a source of uncertainty
a slower economy expected in 2024 through 2025 is the biggest headwind to equity market performance
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: RBC Capital Markets predicts a record high for the S&P 500 in 2024, bull case circa 5300 (https://www.forexlive.com/news/rbc-capital-markets-predicts-a-record-high-for-the-sp-500-in-2024-bull-case-circa-5300-20231123/)
